Maryland Statutes
Title 12 - Local Development Authorities and Resources
Subtitle 1 - Economic Development Revenue Bond Act

Section 12-101 - Definitions - (a) In this subtitle the following words have the meanings...

Section 12-102 - Construction and Effect of Subtitle - (a) This subtitle shall be liberally construed to accomplish its...

Section 12-103 - Legislative Findings; Purposes of Subtitle - (a) The General Assembly finds that: (1) conditions of unemployment...

Section 12-104 - State Policy - It is the policy of the State to allow the...

Section 12-105 - Industrial Development Authorities -- in General - (a) To accomplish one or more of the legislative purposes...

Section 12-106 - Industrial Development Authorities -- Board of Directors - (a) (1) Subject to paragraph (4) of this subsection, the...

Section 12-107 - Administration - (a) The board of directors of an authority shall govern...

Section 12-108 - Benefit of Net Earnings - Except as necessary to pay debt service or implement the...

Section 12-109 - Powers of Authority, County, and Municipal Corporation - (a) (1) Except as limited by its articles of incorporation,...

Section 12-110 - Bonds - (a) Notwithstanding any limitation of law, a public body may...

Section 12-111 - Authorizing Resolution - (a) For each issue of its bonds, the legislative body...

Section 12-112 - Manner and Price of Sale of Bonds; Applicability of Local Government Article - (a) (1) Bonds shall be sold in the manner, at...

Section 12-113 - Payment of Bonds - (a) (1) A bond and the interest on a bond...

Section 12-114 - Conclusive Presumption of Finding by Public Body - A finding by the legislative body of a county or...

Section 12-115 - Alternative Procedures for Bond Issuance - Instead of the procedures under this subtitle, a municipal corporation,...

Section 12-116 - Tax Status - The principal of and interest on bonds, the transfer of...

Section 12-117 - Lease or Contract as Security for Bond - (a) This section applies to a lease or contract under...

Section 12-118 - Short Title - This subtitle may be cited as the Maryland Economic Development...